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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Chicago Purchasing Managers’ Index Increased to 50 in August

Posted by WARREN MOSLER on August 31st, 2009

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Just enough to keep additional fiscal measures off the table while unemployment remains around 10%.

Chicago Purchasing Managers’ Index Increased to 50 in August

By Courtney Schlisserman

Aug. 31 (Bloomberg) — A measure of U.S. business activity rose more than forecast in August, adding to signs that the economy may be entering a recovery.

The Institute for Supply Management-Chicago Inc. said today its businessbarometer increased to 50, the highest level since September, from 43.4 in July. Readings below 50 signal a contraction.


2 Responses to “Chicago Purchasing Managers’ Index Increased to 50 in August”

  1. Bill Says:

    Warren, can you comment on this article –

    Is this guy on target? I suspect he’s full of it but I’m not an economics expert.

    I realize this is off topic for this thread but can’t find a way to email this to you. Thanks.


  2. warren mosler Says:

    he’s confused, but not totally wrong, but unnecessarily alarmist

    yes, tsy deficit spending adds to non govt savings of financial assets.

    that’s what it’s supposed to do.

    but what he tries to show as the ‘fed’s role’ is of no consequence.


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